While many homebuyers are paying attention to the rising cost of homes, they may not realize that closing costs have increased nearly as much in the past three years.  Since 2010, closing costs have increased by 20.8%.  New York’s costs are some of the highest in the nation, with an average of $2,982.  What’s causing the increase?  New mortgage regulations, which causes some lenders to increase their fees.  Homebuyers should compare closing costs from three lenders to make an informed (and financially sound) decision.